63,927 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 63,927 shares of the financial services provider's stock, valued at approximately $4,734,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after buying an additional 313 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after buying an additional 579 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on Z shares. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Jefferies Financial Group upped their target price on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,481,540.32. This trade represents a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,838 shares of company stock worth $4,617,389 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Zillow Group Trading Down 0.9 %

Shares of Z traded down $0.75 on Wednesday, reaching $79.83. 2,630,008 shares of the company's stock traded hands, compared to its average volume of 2,923,018. The stock has a market cap of $18.65 billion, a PE ratio of -169.85, a PEG ratio of 9.43 and a beta of 2.03. The stock's 50 day simple moving average is $78.60 and its two-hundred day simple moving average is $68.93. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.